Markets
Chinese goods on United States radar, India braces for shockwave
- September 18, 2018
China's exports hit by Trump's new $US200 billion of tariffs. Collection of 10 per cent tariffs will start on September 24 but the rate will increase to 25 per cent by the end of the year, allowing U.S. In a pair of tweets, Trump continued to make the case that tariffs largely harm the countries that are taxed, saying the impact on the US economy has been "almost unnoticeable". (more...)
- September 18, 2018
China's exports hit by Trump's new $US200 billion of tariffs. Collection of 10 per cent tariffs will start on September 24 but the rate will increase to 25 per cent by the end of the year, allowing U.S. In a pair of tweets, Trump continued to make the case that tariffs largely harm the countries that are taxed, saying the impact on the US economy has been "almost unnoticeable". (more...)
Trump says cost increases from tariffs are 'almost unnoticeable'
- September 18, 2018
Collection of 10 per cent tariffs will start on September 24 but the rate will increase to 25 per cent by the end of the year, allowing U.S. companies some time to adjust their supply chains to other countries, a senior administration official said. (more...)
- September 18, 2018
Collection of 10 per cent tariffs will start on September 24 but the rate will increase to 25 per cent by the end of the year, allowing U.S. companies some time to adjust their supply chains to other countries, a senior administration official said. (more...)
Vijaya, Dena, Bank of Baroda to be merged
- September 18, 2018
Finance minister Arun Jaitley said the government had been careful in not merging weak banks. This is the third major restructuring in the public sector banking space undertaken by this government. Financial Services Secretary Rajiv Kumar said bank boards of the three banks will examine the amalgamation proposal. The PSU banks are in news today ahead of merger of Bank of Baroda with Dena Bank & Vijaya Bank. (more...)
- September 18, 2018
Finance minister Arun Jaitley said the government had been careful in not merging weak banks. This is the third major restructuring in the public sector banking space undertaken by this government. Financial Services Secretary Rajiv Kumar said bank boards of the three banks will examine the amalgamation proposal. The PSU banks are in news today ahead of merger of Bank of Baroda with Dena Bank & Vijaya Bank. (more...)
China won't just play defence in trade war, Global Times warns
- September 18, 2018
The tariffs will start at 10 percent, beginning Monday of next week, and then rise to 25 percent on January 1. The Trump administration also threatened to pursue additional tariffs on $267 billion worth of Chinese goods if Beijing retaliates against farmers or other US industries. (more...)
- September 18, 2018
The tariffs will start at 10 percent, beginning Monday of next week, and then rise to 25 percent on January 1. The Trump administration also threatened to pursue additional tariffs on $267 billion worth of Chinese goods if Beijing retaliates against farmers or other US industries. (more...)
Trump to Lay Out Line on China Trade
- September 18, 2018
The consequences of a simmering global trade dispute have been "almost unnoticeable" for U.S. consumers, Mr Trump claimed, arguing that steep import duties have allowed his administration to forge a "very strong bargaining position". The Journal report quoted one senior Chinese advisory official saying China would not negotiate "with a gun pointed to its head". Last week, the American Chambers of Commerce in China and in Shanghai reported 52.1 percent of more than 430 companies that ... (more...)
- September 18, 2018
The consequences of a simmering global trade dispute have been "almost unnoticeable" for U.S. consumers, Mr Trump claimed, arguing that steep import duties have allowed his administration to forge a "very strong bargaining position". The Journal report quoted one senior Chinese advisory official saying China would not negotiate "with a gun pointed to its head". Last week, the American Chambers of Commerce in China and in Shanghai reported 52.1 percent of more than 430 companies that ... (more...)
Coca-Cola In 'Serious Talks' About Infusing Marijuana Into Beverages
- September 18, 2018
However, he declined to specifically comment on Aurora Cannabis Inc, and stressed that " no decisions have been made at this time ". Beer giant Molson Coors announced August 1 it was teaming up with Canadian medical marijuana grower The Hydropothecary Corporation to develop cannabis-infused non-alcoholic beverages. (more...)
- September 18, 2018
However, he declined to specifically comment on Aurora Cannabis Inc, and stressed that " no decisions have been made at this time ". Beer giant Molson Coors announced August 1 it was teaming up with Canadian medical marijuana grower The Hydropothecary Corporation to develop cannabis-infused non-alcoholic beverages. (more...)
London mayor Sadiq Khan calls for second referendum on Brexit
- September 17, 2018
This would have uncertain consequences for Britons living in European Union countries and European Union citizens living in the UK. Sadiq Khan has been criticised for calling for a new Brexit referendum to allow the British public a "fresh say on our future", but speaking after the 2016 referendum , the London Mayor told LBC that the result should be respected. (more...)
- September 17, 2018
This would have uncertain consequences for Britons living in European Union countries and European Union citizens living in the UK. Sadiq Khan has been criticised for calling for a new Brexit referendum to allow the British public a "fresh say on our future", but speaking after the 2016 referendum , the London Mayor told LBC that the result should be respected. (more...)
Oil prices rise as focus returns to supply concerns
- September 17, 2018
Oil prices broke the $80 a barrel barrier yesterday as the storm, along with Donald Trump's sanctions on Iran , bumped prices. Supply concerns were stoked by data showing United States crude production fell by 100,000 barrels per day (bpd) to 10.9 million bpd last week as the industry faced pipeline capacity constraints. (more...)
- September 17, 2018
Oil prices broke the $80 a barrel barrier yesterday as the storm, along with Donald Trump's sanctions on Iran , bumped prices. Supply concerns were stoked by data showing United States crude production fell by 100,000 barrels per day (bpd) to 10.9 million bpd last week as the industry faced pipeline capacity constraints. (more...)
Time Magazine To Be Sold To Billionaire Couple For $190 Million
- September 17, 2018
Marc Benioff , co-founder of the cloud computing company Salesforce.com, and his wife Lynn Benioff are purchasing the publication, they confirmed to the Journal. "The power of Time has always been in its unique storytelling of the people & issues that affect us all & connect us all", Marc Benioff wrote on Twitter. (more...)
- September 17, 2018
Marc Benioff , co-founder of the cloud computing company Salesforce.com, and his wife Lynn Benioff are purchasing the publication, they confirmed to the Journal. "The power of Time has always been in its unique storytelling of the people & issues that affect us all & connect us all", Marc Benioff wrote on Twitter. (more...)
Karnataka government cuts fuel prices by Rs 2 per litre
- September 17, 2018
Karnataka's chief minister made the decision to cut down the petrol and diesel prices in an apparent reaction to the political pressure as Rajasthan, Andhra Pradesh and West Bengal governments have reduced fuel prices . Both petrol and diesel prices are at all-time highs. A combination of a dip in rupee value against the United States dollar and rise in crude oil prices has led to a spike in pump prices since mid-August. (more...)
- September 17, 2018
Karnataka's chief minister made the decision to cut down the petrol and diesel prices in an apparent reaction to the political pressure as Rajasthan, Andhra Pradesh and West Bengal governments have reduced fuel prices . Both petrol and diesel prices are at all-time highs. A combination of a dip in rupee value against the United States dollar and rise in crude oil prices has led to a spike in pump prices since mid-August. (more...)
Bank of England set to hold rates amid Brexit uncertainty
- September 17, 2018
The coming six to eight weeks are due to see intensive talks between London and Brussels to hammer out details of the divorce deal, and some of Prime Minister Theresa May's own members of parliament strongly resist her preferred compromise. (more...)
- September 17, 2018
The coming six to eight weeks are due to see intensive talks between London and Brussels to hammer out details of the divorce deal, and some of Prime Minister Theresa May's own members of parliament strongly resist her preferred compromise. (more...)
Legal pot points to woes at US border
- September 16, 2018
Let's be clear: "these are people engaged in activity that is legal in their home country of Canada - and it is activity that is also legally regulated in a majority of U.S. but around the world, it is inane for United States border officials to maintain such a draconian and backward-looking policy". "Our officers are not going to be asking everyone whether they have used marijuana, but if other questions lead there - or if there is a smell coming from the auto, they might ask", the ... (more...)
- September 16, 2018
Let's be clear: "these are people engaged in activity that is legal in their home country of Canada - and it is activity that is also legally regulated in a majority of U.S. but around the world, it is inane for United States border officials to maintain such a draconian and backward-looking policy". "Our officers are not going to be asking everyone whether they have used marijuana, but if other questions lead there - or if there is a smell coming from the auto, they might ask", the ... (more...)
Six strawberry brands now affected after needle tampering
- September 16, 2018
Needles have been found in strawberries sold in Woolworths stores. Queensland's chief health officer Dr Jeannette Young said strawberries would be back on shelves on Thursday and urged people to throw out any frozen fruit or fruit purchased in the past week. (more...)
- September 16, 2018
Needles have been found in strawberries sold in Woolworths stores. Queensland's chief health officer Dr Jeannette Young said strawberries would be back on shelves on Thursday and urged people to throw out any frozen fruit or fruit purchased in the past week. (more...)
Volkswagen to stop production of iconic Beetle in 2019
- September 16, 2018
Volkswagen Group of America CEO Hinrich Woebcken, in a statement, said there are no plans to replace the Beetle as the company focuses on becoming "a full-line, family-focused automaker in the U.S." and ramps up electrification efforts. Design work on what would be the Beetle began in the 1930s after Hitler had ordered that a Volks Wagen (German for people's car) be built that was affordable for all Germans. (more...)
- September 16, 2018
Volkswagen Group of America CEO Hinrich Woebcken, in a statement, said there are no plans to replace the Beetle as the company focuses on becoming "a full-line, family-focused automaker in the U.S." and ramps up electrification efforts. Design work on what would be the Beetle began in the 1930s after Hitler had ordered that a Volks Wagen (German for people's car) be built that was affordable for all Germans. (more...)
Watch BMW's self-riding motorcycle in action
- September 16, 2018
Instead, the technology behind BMW's autonomous bike will be used to as a basis for developing systems and functions to improve motorcycle safety. The prototype bike also features a number of other innovations adapted from its passenger vehicle division, such as laser headlights that project further down the road than regular beams, while its frame was manufactured using a 3D printing process. (more...)
- September 16, 2018
Instead, the technology behind BMW's autonomous bike will be used to as a basis for developing systems and functions to improve motorcycle safety. The prototype bike also features a number of other innovations adapted from its passenger vehicle division, such as laser headlights that project further down the road than regular beams, while its frame was manufactured using a 3D printing process. (more...)
HSBC flags 'risk' of $100/b oil price spike as bank revises forecast
- September 16, 2018
August noticed Iran's production tumble dramatically by 150,000 bpd to some.63 million bpd, its lowest degree since July 2016, as investors nick orders within the face of impending US penalties. WORLD oil consumption will top 100 million barrels per day (bpd) in the next three months, putting upward pressure on prices, although emerging market crises and trade disputes could dent this demand, the International Energy Agency said on Thursday. (more...)
- September 16, 2018
August noticed Iran's production tumble dramatically by 150,000 bpd to some.63 million bpd, its lowest degree since July 2016, as investors nick orders within the face of impending US penalties. WORLD oil consumption will top 100 million barrels per day (bpd) in the next three months, putting upward pressure on prices, although emerging market crises and trade disputes could dent this demand, the International Energy Agency said on Thursday. (more...)
Waffle House: smothered, covered, and storm ready
- September 16, 2018
In Murrells Inlet, South Carolina , an employee of a still-operating Waffle House told a reporter that during 2016's Hurricane Matthew, the location closed only after the ceiling tiles began to fall. That's right: One of the South's most popular breakfast chains plays an important role in hurricane forecasting. FEMA has since developed a color-coded system that is dependent on Waffle House's status. (more...)
- September 16, 2018
In Murrells Inlet, South Carolina , an employee of a still-operating Waffle House told a reporter that during 2016's Hurricane Matthew, the location closed only after the ceiling tiles began to fall. That's right: One of the South's most popular breakfast chains plays an important role in hurricane forecasting. FEMA has since developed a color-coded system that is dependent on Waffle House's status. (more...)
Trump administration to send U.S. cellphones a test alert on Thursday
- September 16, 2018
The message will have a header that says " Presidential Alert " and text that says: "This is a test of the National Wireless Emergency Alert System". The test will go out to participating wireless phone company customers whose phones are turned on and within range of an active cell tower. The wireless emergency alerts (WEA) system was authorized by Congress in 2015 under a law that states the "system shall not be used to transmit a message that does not relate to a natural disaster, act ... (more...)
- September 16, 2018
The message will have a header that says " Presidential Alert " and text that says: "This is a test of the National Wireless Emergency Alert System". The test will go out to participating wireless phone company customers whose phones are turned on and within range of an active cell tower. The wireless emergency alerts (WEA) system was authorized by Congress in 2015 under a law that states the "system shall not be used to transmit a message that does not relate to a natural disaster, act ... (more...)
Needles found in more Australian strawberries, A$100k reward offered
- September 15, 2018
Australians have been warned to cut fresh strawberries before biting into them after several people found sewing needles hidden inside the fruit. "We are working closely with our local and interstate counterparts as the investigation continues and are committed to keeping the public informed as this progresses". (more...)
- September 15, 2018
Australians have been warned to cut fresh strawberries before biting into them after several people found sewing needles hidden inside the fruit. "We are working closely with our local and interstate counterparts as the investigation continues and are committed to keeping the public informed as this progresses". (more...)
China says Washington asks to resume talks on tariff fight
- September 14, 2018
U.S. President Donald Trump said last week that in addition to preparing tariffs on the further $200 billion worth of goods, he had tariffs on an additional $267 billion worth of goods ready "on short notice if I want". News of the invite comes as it emerged Thursday that United States firms in China are beginning to feel the pinch of tariffs already imposed on the Asian giant. (more...)
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- September 14, 2018
U.S. President Donald Trump said last week that in addition to preparing tariffs on the further $200 billion worth of goods, he had tariffs on an additional $267 billion worth of goods ready "on short notice if I want". News of the invite comes as it emerged Thursday that United States firms in China are beginning to feel the pinch of tariffs already imposed on the Asian giant. (more...)
Latest news
China's September trade surplus with U.S. widens to record $34.13B